Reinsurance News
Marsh news
News about Marsh, one of the world’s leading insurance brokers and part of the Marsh & McLennan group of companies.
News on Marsh’s activities in insurance markets, as a broker, originator, adviser and structurer of risk transfer transactions.
Marsh is also associated with reinsurance broker Guy Carpenter, another member of the Marsh & McLennan group.
Starr joins Octaviant Financial and Marsh as lead carrier on drug warranty platform
25th November 2024
Octaviant Financial has announced that Starr Insurance will join its partnership with Marsh to offer drug warranty services that enable pharmaceutical companies to guarantee the effectiveness of high-cost therapies. Through this partnership, Octaviant will provide drug warranties through its subsidiary, Actuaria Insurance Services LLC. With Starr now serving as the lead underwriter, ... Read the full article
Marsh names Fraser International Corporate & Commercial Leader
8th November 2024
Insurance broker Marsh has announced the appointment of Alistair Fraser to the newly-created role of International Corporate & Commercial Leader, effective 1 January 2025. Alistair Brighton will take over Fraser’s role as CEO, Corporate & Commercial UK, also effective 1 January, 2025 and subject to regulatory approval, In his new role, Fraser ... Read the full article
Marsh and We2Sure partner to tackle carbon credit fraud
4th November 2024
Insurance broker Marsh and We2Sure, a specialist in insurance and risk management solutions for carbon credit certificates, have launched a new insurance facility to help businesses tackle rising risks associated with carbon credit certificate fraud. The carbon credit industry, while offering businesses a way to offset their carbon dioxide emissions, is ... Read the full article
Marsh names Lang Digital Leader, Marsh Specialty and Global Placement
1st November 2024
Marsh, insurance broker and risk advisor and a business of Marsh McLennan, has announced the appointment of Christopher Lang as Digital Leader, Marsh Specialty and Global Placement, a newly created role, effective November 1. Based in New York and reporting to Pat Donnelly, President, Marsh Specialty and Global Placement, Lang will ... Read the full article
Carlos Rivera named CEO of Marsh McLennan LAC and President of Marsh LAC
31st October 2024
Marsh McLennan, a global insurance and reinsurance broker, has announced the appointment of Carlos Rivera as CEO, Marsh McLennan Latin America and the Caribbean (LAC) and President, Marsh LAC, effective January 1, 2025. Based in Bogotá, Colombia, Rivera will report to Flavio Piccolomini, CEO of Marsh McLennan International. He succeeds Ricardo Brockmann, ... Read the full article
Commercial insurance rates decline for first time in seven years during Q3: Marsh
24th October 2024
Marsh's Global Insurance Market Index has revealed that commercial insurance rates fell 1% in Q3 of 2024, the first time the index has recorded a quarterly decline since Q3 of 2017. According to Marsh, the insurance broker, risk advisor and business of Marsh McLennan, this result is a continuation of the ... Read the full article
McGriff acquisition expected to be modestly accretive in first year: John Doyle, MMC
17th October 2024
During Marsh McLennan's earnings call for the third quarter of 2024, John Doyle, the company's President and CEO, explained that the global broker's $7.75 billion acquisition of McGriff Insurance Services, LLC, is expected to be modestly accretive to adjusted earnings per share, excluding amortisation in year one, and become more ... Read the full article
Marsh names Thomas-Ferrand as Head of Captive Insurance, Charnley retires at year end
11th October 2024
Marsh, the insurance broking and risk advisory subsidiary of Marsh McLennan, has appointed Will Thomas-Ferrand as International Practice Leader, Marsh Captive Solutions, a London-based role. He will assume the leadership of Marsh’s captive insurance business on January 1st, 2025, and report to Pat Donnelly, President, Marsh Specialty and Global Placement. Simultaneously, the ... Read the full article
Tokio Marine Kiln and Marsh partner to introduce exclusive insurance facility for ports and terminals
25th September 2024
Tokio Marine Kiln (TMK), an insurer in special risks underwriting, and Marsh, an insurance broker and risk management expert, have jointly announced the launch of an exclusive insurance facility for ports and terminals, providing protection against business interruptions stemming from trade disruptions. The new offering, described as the first of its ... Read the full article
Aon & Marsh urge re/insurance industry to aid Ukraine’s resilience
8th September 2024
In a joint statement, Aon and Marsh McLennan have called on the re/insurance industry to aid Ukraine's resilience by facilitating economic growth, chiefly through the removal of blanket exclusions. According to the two firms, blanket exclusions ignore the diversity of risk throughout the country, preventing support for Ukraine's economy. "Additionally, since the ... Read the full article
Marsh launches $50m port blockage insurance facility following Baltimore Bridge collapse
20th August 2024
Marsh, the insurance broker, risk advisor and a subsidiary of Marsh McLennan, is launching a first-of-its-kind $50 million port blockage insurance facility, covering shipping ports and terminals globally. Following the collapse of the Francis Scott Key Bridge and subsequent disruption at the Port of Baltimore, Marsh created this insurance facility. It is ... Read the full article
Marsh introduces pioneering insurance coverage for global CO2 transport and storage projects
15th August 2024
Marsh, an insurance broker and risk advisor that is part of Marsh McLennan, has introduced a new insurance solution aimed at the transportation and storage of carbon dioxide (CO2). This innovative solution is available for projects worldwide and tackles key insurance challenges that have previously slowed the progress of the carbon ... Read the full article
Stephen McKay named UK Advisory Leader, Marsh
25th July 2024
Marsh, the insurance broking division of Marsh McLennan, has appointed Stephen McKay as UK Advisory Leader, where he will be based in London, reporting to Chris Lay, CEO, Marsh McLennan UK and Giampaolo Scarso, Advisory Leader, International, Marsh, subject to regulatory approval. At the same time, it has also been confirmed ... Read the full article
Flat commercial insurance rates in Q2 halt 26-quarter increase trend: Marsh
24th July 2024
Global commercial insurance rates were reportedly flat in Q2 of 2024, down from a 1% increase in Q1, ending the 26 consecutive quarter streak of increasing rates, as per Marsh's Global Insurance Market Index. According to Marsh, Q2 of 2024 marks the first time in nearly seven years that the global ... Read the full article
Guy Carpenter sees 10% revenue increase in Q2’24
18th July 2024
The reinsurance broking arm of Marsh McLennan (MMC), Guy Carpenter, generated revenue of $632 million in the second quarter of 2024, an increase of 10%, or 11% on an underlying basis, contributing to another strong quarter for one of the world's largest re/insurance brokers. Guy Carpenter sits within MMC's Risk & ... Read the full article
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